Member Info for GeneralLevy

Cash at year end will be a bit like a sawtooth on a graph unfortunately due to the size of corporation and wft payments and their 3 monthly payment nature

They’ve not had any money for the majority of that 4 years, the ballooning of the cash pile is pretty much all in 15 months

We need natural gas for the gasses that preserve food in packaging and the production of fertiliser regardless of whether we ween ourselves off gas and oil as fuels, oil needed for petrochemicals and plastics, as I said the public and the government can't see past the next weekend, forget about seeing 10 years ahead, it's too complex a concept for them.

It's simple and I'm sorry for any offence but the government represent the people and the people are idiots, that's why it's happening. Most voters can't think past the the next p!ss up so that's how the country is run, there's no conspiracy theories relevant to it for me. It's about staying in power and giving the idiots what they want in order to stay in power.

What do you mean?

I know this is dangerously close to the realms of conspiracy theories you get on microcap wildcat miners and oilers, but it does feel like someone is buying heavily looking at these peculiar sp intra day swings

Tomorrow, holy moly.

Can anyone else name a 28,000 boepd operator holding what rounds to no decom liability, 67% of it's MCap in cash and £1.3m after tax profit per day?

Be interested to hear

All the moaning on this bb, you'd think it was Enron

Except the 6 years reserves have been 6 years for several years due to canny well interventions and stimulation

Day ahead price has basically doubled, if anything it's suspicious the sp is hardly up

Oil and gas company bb’s normally have an oiler in the ranks who knows if the exploration rig is flaring or not, take it we don’t have any here?

It's the fiduciary legal duty of oil and gas companies to relinquish their licenses in the current ****show tbf - there's no money in it now for the foreseeable

I'm tired of populist idiot governance

The idea was to transition to renewables - but not to freeze to death during the transition!

It's the poor and middle classes that spend the most money in the economy, the really wealthy generally horde and lead a lifestyle that encourages macroeconomic stagnation, so in many ways it's very dire for the economy to specifically reduce the money in the pockets of those that actually spend it and have a modest income in the grand scheme of things

I saw a comedian once do a joke about how to stimulate the economy - instead of quantitative easing, literally give the billions to the poorest in society and watch the economy boom tf

Anyway, I digressed into politics, share price predictions 31st December 2022 anyone?

With the details of the budget I'm expecting the share price to go down 20% on a gusher and up 20% on a duster

I can sea the tax payer picking up the tab on NS decommissioning costs in the next 5 to 20 years - government hasn’t even left enough money for the typical operator to cover off its decommissioning liabs (doesn’t affect to Serica anyway)

And with LNG having 8x the carbon footprint per therm of U.K. NS gas used domestically we’ve actually made carbon neutrality an even more distant dream

Stupid doesn’t do it justice tbh

Hbr tanked at the same time as Sqz, weird af

Serica will be bought out by the end of March 2024

Much more undervalued compared to when Rockrose was bought - Serica has about £15m decom liabs, Rockrose had over a billion

You could pick up a decent (non UK) producing asset for £500m, that's where the largest shareholder returns lie imho

glaglth

Build. Back. Somewhere else.

If it's backdated there's a lot of debt loaded companies in deep ****

Firesale prices for sqz to snap up?